News sources said on Monday that the American e-commerce giant Amazon was making a rare downsizing in Seattle's headquarters. The focus of the layoffs is Amazon's main business -- e-commerce business, cloud computing, Alexa platform and other new businesses are not affected by the layoffs, and they are still expanding enrollment.
The layoffs are part of the overall restructuring of Amazon, but some industry insiders believe that Amazon downsizing the e-commerce business is due to the use of more robots and computers by Amazon. Help the brand and manufacturer of commodity sales at Amazon electricity supplier data analysis firms CEO Michael - Ragoni (Michael Lagoni) said, Amazon is delivered to the automation to complete some tasks, such as predicting the demand for new products and price negotiation.
In the past, for example, sellers of televisions had to call Amazon buyers to show them their products and negotiate about selling them on Amazon. But now, Most of these features have been automated. Amazon has also allowed manufacturers and suppliers to do more work, such as coordination of marketing and promotion-activities that Amazon used to do internally.
Amazon, headquartered in Seattle, has been expanding its recruitment. The company added about 130 thousand jobs worldwide last year, and has announced plans to open second headquarters in the US. Because the $13 billion 700 million purchase of the retailer's sake, as of the end of 2017, Amazon has reached 566 thousand in the global workforce, compared with an increase of 66% on the end of the year. So hundreds of layoffs are modest for the huge Amazon. So far, Amazon has not been able to comment on this.
This month, Amazon announced at the beginning of the fourth quarter of 2017 and full year results, the company's fourth quarter net sales of $60 billion 453 million, $43 billion 741 million over the same period last year growth of 38%. The Amazon's fourth quarter net sales growth was 36% over the same period of 1 billion 100 million in the fourth quarter, excluding the favorable impact of the exchange rate changes. Among them, Amazon's net sales of products in the fourth quarter amounted to $41 billion 325 million, up from 30 billion 629 million in the same period last year, and net service sales of 19 billion 128 million dollars, up from 13 billion 112 million US dollars in the same period last year. The Amazon's net profit in the fourth quarter was $1 billion 900 million, with a diluted earnings of $3.75 per share, a 154% increase over the same period of the previous year. In the fourth quarter of the 2016 fiscal year, the net profit of Amazon was $749 million and $1.54 per share.
Driven by the company's super market expectations in the fourth quarter of 2017, Amazon's share price hit a record high of 1498 dollars, pushing the company's market capitalization to exceed 700 billion dollars. Amazon, which once surpassed Microsoft in February 6th, became the world's third largest market capitalization second only to apple and Google's parent company Alphabet.
Amazon's stock rose $46.63 on Monday in the Nasdaq stock market, up 3.48% to $1386.23. According to Monday's closing price, Amazon has a market value of about $671 billion. In the past 52 weeks, Amazon's lowest share price was $828.55, with the highest share price of $1498.